Towercrest Capital Management Makes New Investment in Schwab Short-Term U.S. Treasury ETF $SCHO

Towercrest Capital Management bought a new stake in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 55,205 shares of the company’s stock, valued at approximately $1,317,000.

Other large investors have also recently made changes to their positions in the company. Capital Investment Advisors LLC purchased a new position in Schwab Short-Term U.S. Treasury ETF in the third quarter valued at about $2,557,000. Christensen King & Associates Investment Services Inc. grew its position in shares of Schwab Short-Term U.S. Treasury ETF by 2.0% during the 3rd quarter. Christensen King & Associates Investment Services Inc. now owns 181,932 shares of the company’s stock valued at $4,341,000 after acquiring an additional 3,584 shares during the period. BIP Wealth LLC grew its position in shares of Schwab Short-Term U.S. Treasury ETF by 4.7% during the 3rd quarter. BIP Wealth LLC now owns 268,136 shares of the company’s stock valued at $6,398,000 after acquiring an additional 12,093 shares during the period. SRH Advisors LLC purchased a new stake in shares of Schwab Short-Term U.S. Treasury ETF during the 3rd quarter worth approximately $135,000. Finally, Clarity Wealth Development LLC increased its stake in shares of Schwab Short-Term U.S. Treasury ETF by 44.8% during the 3rd quarter. Clarity Wealth Development LLC now owns 488,420 shares of the company’s stock worth $11,654,000 after purchasing an additional 151,188 shares during the last quarter.

Schwab Short-Term U.S. Treasury ETF Stock Performance

Shares of NYSEARCA:SCHO remained flat at $23.96 during mid-day trading on Friday. 5,247,416 shares of the company were exchanged, compared to its average volume of 4,097,450. The company has a 50 day simple moving average of $23.95 and a 200-day simple moving average of $24.07. Schwab Short-Term U.S. Treasury ETF has a 52 week low of $23.79 and a 52 week high of $24.46.

About Schwab Short-Term U.S. Treasury ETF

The Schwab Short-Term U.S. Treasury ETF (SCHO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of debt issued by the US Treasury, excluding STRIPS, with remaining maturity of 1-3 years. SCHO was launched on Aug 5, 2010 and is managed by Charles Schwab.